FOREX volatility: Business community, all citizens need to be patience

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Chairman of BUA Group, Alhaji Abdulsamad Rabiu, on Tuesday appealed to the business community, as well as private Nigerians to exercise more patience with the Bola Tinubu-led administration as it works to achieve stability in the foreign exchange market.

Alhaji Rabiu appealed while speaking to State House correspondents after meeting with President Bola Tinubu at the Presidential Villa, Abuja.Rabiu, who explained that the President had taken the needed step to reset the economy, noted that though it was a hard decision to take, it was the right one because what the nation was operating hitherto was not sustainable, adding that the foreign exchange market had already started showing signs of ease.

“A lot of issues, uncertainties and panic, that is settling and we’re seeing a situation where the exchange rate is coming down because once it gets to a level where people are not able to afford it, nobody will buy and if you don’t buy, it will come down. He called on all Nigerians to come round the President to support him to deliver on his promises and to rebuild the country as all citizens are yearning to see a better nation.

“So it is our collective responsibility to do that and I’m sure all Nigerians will agree with me that the support is needed so that we can progress and prosper because without stability, it will be very hard, we’ll not be able to achieve the prosperity we need in this country.

 

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